Iraq: Coated Arc-Welding Electrode Market 2025

Coated Arc-Welding Electrode Market Size in Iraq

The Iraqi coated arc-welding electrode market rose sharply to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Coated arc-welding electrode consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Coated Arc-Welding Electrode Exports

Exports from Iraq

In 2022, approx. X kg of coated base metal electrodes for electric arc-welding were exported from Iraq; dropping by X% against the previous year. In general, exports showed a perceptible decline. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X kg in 2021, and then reduced rapidly in the following year.

In value terms, coated arc-welding electrode exports contracted markedly to $X in 2022. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped notably in the following year.

Exports by Country

Turkey (X kg) was the main destination for coated arc-welding electrode exports from Iraq, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled X%.

In value terms, Turkey ($X) emerged as the key foreign market for coated base metal electrodes for electric arc-welding exports from Iraq.

From 2012 to 2022, the average annual growth rate of value to Turkey stood at X%.

Export Prices by Country

The average coated arc-welding electrode export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

Coated Arc-Welding Electrode Imports

Imports into Iraq

In 2022, approx. X tons of coated base metal electrodes for electric arc-welding were imported into Iraq; picking up by X% compared with the previous year. Over the period under review, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, coated arc-welding electrode imports totaled $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of coated arc-welding electrode to Iraq, with a X% share of total imports. Moreover, coated arc-welding electrode imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of coated base metal electrodes for electric arc-welding to Iraq, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average coated arc-welding electrode import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coated arc-welding electrode import price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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